Discussion:Software developed for resale OK for R&D credit?
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Discussion Forum Index --> Advanced Tax Questions --> Software developed for resale OK for R&D credit?
Discussion Forum Index --> Tax Questions --> Software developed for resale OK for R&D credit?
| 7 September 2008 | |
| Company developed a software package for resale. Also sells hardware. Are the development costs eligible for the R&D credit? Are they currently deductible or even amortizable? The costs look very much like inventory with no determinable life. | |
ReadMyLips (talk|edits) said: | 7 September 2008 |
| I just looked that up for a similar situation & concluded it can be written off currently as R&D costs.
I found this article: http://www.taxresourcegroup.com/library/memo/1072.html | |
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